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Analysts’ Top Technology Picks: Caci International (CACI), Dada Nexus (DADA)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Caci International (CACIResearch Report), Dada Nexus (DADAResearch Report) and Alarm (ALRMResearch Report) with bullish sentiments.

Caci International (CACI)

In a report released yesterday, Mariana Perez from Bank of America Securities maintained a Buy rating on Caci International, with a price target of $365.00. The company’s shares closed last Wednesday at $356.33, close to its 52-week high of $359.33.

According to TipRanks.com, Perez is a 5-star analyst with an average return of 34.7% and a 69.6% success rate. Perez covers the Industrial Goods sector, focusing on stocks such as Leidos Holdings, Parsons, and KBR.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Caci International with a $375.00 average price target.

See today’s best-performing stocks on TipRanks >>

Dada Nexus (DADA)

Bank of America Securities analyst Lei Zhang reiterated a Buy rating on Dada Nexus yesterday and set a price target of $12.00. The company’s shares closed last Wednesday at $5.60.

According to TipRanks.com, Zhang is a 3-star analyst with an average return of 13.2% and a 62.5% success rate. Zhang covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Bilibili, and NetEase.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dada Nexus with a $9.83 average price target, implying a 68.3% upside from current levels. In a report issued on August 2, J.P. Morgan also maintained a Buy rating on the stock with a $9.00 price target.

Alarm (ALRM)

Bank of America Securities analyst Michael Funk reiterated a Buy rating on Alarm yesterday and set a price target of $75.00. The company’s shares closed last Wednesday at $49.21, close to its 52-week low of $44.92.

According to TipRanks.com, Funk is a 1-star analyst with an average return of -4.7% and a 51.0% success rate. Funk covers the Technology sector, focusing on stocks such as Zoom Video Communications, Bentley Systems, and Unity Software.

Alarm has an analyst consensus of Moderate Buy, with a price target consensus of $63.17.

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